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Since mid-2014, global oil prices have plummeted by nearly 70 percent from their peak. More importantly, the current low oil prices look set to stay for the next several years, as supply continues to outpace demand in addition to modest global demand.

How has this challenging environment impacted the economies of the Gulf Cooperation Council (GCC) member states? Will such low oil prices increase the risk of financial, social, and political instability in the region? In May’s Economic Watch Emerging Markets View, we will focus on the short- as well as long–term effects of low oil prices on the GCC countries. We will also discuss the economic and social reforms that the GCC countries may introduce to adjust their economies to the new global environment.

Speakers

Mohammad Alomar

Mohammad Alomar
Chief Economist
Gulf Investment Corporation

Dr. Mohammad Alomar is the Chief Economist at Gulf Investment Corporation (GIC). He manages a team of economists at the Research Division of GIC, and specializes in economic and market research focusing on the GCC economies and other regions in general. 

...Full Bio
Jing Sima-Friedman

Jing Sima-Friedman
Senior Economist
The Conference Board

Jing Sima-Friedman is a senior economist at The Conference Board. She leads macroeconomic research projects on emerging markets, with a focus on structural changes, monetary policy, capital and financial market developments, and trade flows. She also produces ...Full Bio

Ataman Ozyildirim, PhD

Ataman Ozyildirim, PhD (Host)
Director, Economic Research, and Global Research Chair
The Conference Board

Ataman Ozyildirim, PhD is the Director of Economic Research and Global Research Chair at The Conference Board. He specializes in the development of economic indicators and in forecasting aggregate economic activity worldwide. He also oversees The Conference Board’s Global Economic Outlook a...Full Bio

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